Login

Register

Login

Register

NIO Inc (NIO) Starting Its Next Leg Up, Target $5.00

Shares of NIO Inc (NIO) ran from $2.30 to $4.00 recently. After two weeks of consolidation, the Chinese electric car maker appears to be headed for another big leg higher. With a beautiful bull flag on the daily chart, a necktie has also formed between the 20 and 50 moving averages. This adds extra spice the propulsion of NIO. The stock is surging today and likely will take out the $4.00 high, headed over $5.00. Note the chart below.